CHICAGO (Dow Jones) -- Informa Economics reduced its outlook for soybean production in Brazil due to dryness during the growing season, according to a report by the private forecaster on Tuesday.

Soybean output in the country, among the world's largest producers, will total 92.5 million metric tons, Informa said. That is lower than the firm's February forecast, but, if accurate, would be 6.4 million tons larger than last year's harvest. While the crop is projected to be a record, the firm said yield reductions were the result of lower-than-normal rainfall received by some regions while soybeans were setting and filling ...